To remove negative marks on your credit report you must dispute the credit bureaus. You have two methods to do this.
1. Create a dispute letter
This method requires you to create a dispute letter. In this letter you identify the negative mark you want removed and provide a reason why that mark is inaccurate.
Reasons often include; account paid in full, item is out of date, information is wrong and etcetera. You will need to send this letter to every credit bureau.
2. Hire a professional credit repair company.
If you choose this option the firm will create a dispute letter for you and send it to the bureaus. The benefit of a firm is they have advanced dispute techniques such as; creditor direct intervention, escalated dispute information requests, and debt validation.
I would suggest hiring a company if you have multiple negative listings on your credit history. However if you only have one or two negative listings you can remove them yourself.
Upon receipt of your "valid" dispute letter the bureaus will hold an investigation. If the negative mark can not be verified then the bureaus must remove it from your credit history.
Be aware that it is common for bureaus to use stall tactics to avoid conducting investigations. This is because it costs the credit bureaus potential profits to conduct an investigation.
The Fair Credit Reporting Act says the bureaus must investigate a disputed listing and if it is found unverifiable it must be removed from your report. The difficulty is getting the bureaus to find you dispute letter valid.
If you have trouble I suggest a credit repair firm, however if you are persistent then the bureaus will eventually deem your dispute valid and conduct an investigation.
Often an investigation will result in the negative listing being removed. This is a result of lenders being unwilling to spend the time and money verifying debts.
However you decide to dispute your credit, negative marks can be deleted. You do not have to wait the full seven years for these marks to be removed. - 15224
1. Create a dispute letter
This method requires you to create a dispute letter. In this letter you identify the negative mark you want removed and provide a reason why that mark is inaccurate.
Reasons often include; account paid in full, item is out of date, information is wrong and etcetera. You will need to send this letter to every credit bureau.
2. Hire a professional credit repair company.
If you choose this option the firm will create a dispute letter for you and send it to the bureaus. The benefit of a firm is they have advanced dispute techniques such as; creditor direct intervention, escalated dispute information requests, and debt validation.
I would suggest hiring a company if you have multiple negative listings on your credit history. However if you only have one or two negative listings you can remove them yourself.
Upon receipt of your "valid" dispute letter the bureaus will hold an investigation. If the negative mark can not be verified then the bureaus must remove it from your credit history.
Be aware that it is common for bureaus to use stall tactics to avoid conducting investigations. This is because it costs the credit bureaus potential profits to conduct an investigation.
The Fair Credit Reporting Act says the bureaus must investigate a disputed listing and if it is found unverifiable it must be removed from your report. The difficulty is getting the bureaus to find you dispute letter valid.
If you have trouble I suggest a credit repair firm, however if you are persistent then the bureaus will eventually deem your dispute valid and conduct an investigation.
Often an investigation will result in the negative listing being removed. This is a result of lenders being unwilling to spend the time and money verifying debts.
However you decide to dispute your credit, negative marks can be deleted. You do not have to wait the full seven years for these marks to be removed. - 15224
